Results 21 to 30 of about 65,989 (109)
We construct a rational expectations model in which aggregate growth alternates between a low growth and a high growth state. When all agents expect growth to be slow, the returns on investment are low, and little investment takes place.
George Evans +2 more
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Behavioral Mechanism Design: Optimal Contests for Simple Agents [PDF]
, 2014 Incentives are more likely to elicit desired outcomes when they are designed based on accurate models of agents' strategic behavior. A growing literature, however, suggests that people do not quite behave like standard economic agents in a variety of ...
Ghosh, Arpita, Kleinberg, Robert
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Bayesian games with a continuum of states [PDF]
, 2017 We show that every Bayesian game with purely atomic types has a measurable Bayesian equilibrium when the common knowl- edge relation is smooth. Conversely, for any common knowledge rela- tion that is not smooth, there exists a type space that
Hellman, Ziv, Levy, Yehuda John
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Thinking about Attention in Games: Backward and Forward Induction [PDF]
, 2004 Behavioral economics improves economic analysis by using psychological regularity to suggest limits on rationality and self-interest (e.g. Camerer and Loewenstein 2003).
Camerer, Colin, Johnson, Eric
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, 2013 We introduce draft auctions, which is a sequential auction format where at each iteration players bid for the right to buy items at a fixed price.
Devanur, Nikhil R. +2 more
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Conditions for open source as a signalling device [PDF]
, 2004 Open source projects produce goods or standards that do not allow for the appropriation of private returns by those who contribute to their production. In this paper we analyze why programmers will nevertheless invest their time and effort to code open ...
Lee, Samuel, Moisa, Nina, Weiß, Marco
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Indirect Lobbying and Media Bias [PDF]
In this paper, we study a model where voters have state-contingent preferences over policies and lobbies engage in influence activities to affect the information that a media outlet collects on the state of the world.
Sobbrio, Francesco
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Bargaining with Incomplete Information [PDF]
A central question in economics is understanding the difficulties that parties have in reaching mutually beneficial agreements. Informational differences provide an appealing explanation for bargaining inefficiencies. This chapter provides an overview of
Lawrence M. Ausubel +2 more
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A MODEL OF IMMIGRATION, INTEGRATION AND CULTURAL TRANSMISSION OF SOCIAL NORMS [PDF]
I present and study an evolutionary model of immigration and culturaltransmission of social norms in a set-up where agents are repeatedly matchedto play a one-shot interaction prisoner´s dilemma.
Friederike Mengel
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A simple search model of money with heterogeneous agents and partial acceptability [PDF]
Simple search models have equilibria where some agents accept money and others do not. We argue such equilibria should not be taken seriously - which is unfortunate if one wants a model with partial acceptability.
Andrei Shevchenko, Randall Wright
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